WallexCustody Vault represents a savings account that allows you to deposit money, keep it safe and withdraw the funds when necessary. You can take advantage of it because your funds are kept separate from your main Wallex Custody account, so you're not tempted to spend.
WallexCustody Vault offers an opportunity to grow your funds through investing and accumulating attractive interest rates per year, paid monthly, which you could choose to spend or re-invest, protecting your assets from inflation and in contrast to negative interest rates offered by traditional banks at the moment.
Every time you log into the Vault, you have immediate access to detailed financial information. You can view a simple-to-understand summary of all your financial Vault accounts, detailed records of your assets, and important financial reports.
Keeping money elsewhere that you don’t plan to spend in the immediate future is unsafe, and using this type of savings account has a psychological benefit: It’s tempting to spend money in hand. A saving account, however, can be a means of setting aside funds to reach longer-term goals.
Our institution allows you to open more than one savings account, which can be handy if you want to keep track of your savings progress on multiple goals. For instance, you could have one saving account to save for a big trip while a separate one holds surplus cash from your checking account.
Some savings vehicles, like certificates of deposit, don't allow access to your money without a penalty before the account’s maturity date. But with WallexCustody Vault, you’ll have easier access to the funds in your account. And you may be able to transfer the funds to your checking account.
The accessibility of a savings account can make it an ideal emergency fund — you can put money away but access your money when you need it.
Not all online encryption systems are equal. Vault Accounts is focused on maintaining the highest level of online security.